Quebec Government starts working with Commerce Resources Corp.
​Today, Commerce Resources Corp. announced that it has been awarded a $300.000 grant from the Quebec Government (Ministère de l’Énergie et des Ressources Naturelles and Fonds de Recherche du Quebec Nature et Technologie) for the optimization of waste treatment at the Ashram Rare Earth Element Deposit in Quebec. This is very favourable for Commerce as the grant applies to testwork that will be required as the project advances. Further, the grant includes funds to cover testwork relating to the upgrade of the fluorspar concentrate to acid-grade fluorspar, a more valuable product. Commerce continues to show its sensible stewardship by working with government funded programs to evaluate various aspects of the Ashram Project, with the waste management the most recent example. As the Ashram Project is located in Quebec, it is positive to see Commerce becomes increasingly involved in Quebec programs and Quebec-based enterprises. The Ashram Project has been making great strides recently with the involvement of industry, academia, and government – a clear sign of a waking visibility in the Province. This grant being only the most recent example.
Commerce Resources is engaged in the business of acquiring, exploring, developing and evaluating mineral resource properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. Co. is in the exploration stage and has interests in properties located in British Columbia and Quebec, Canada. The recoverability of amounts shown for resource properties is dependent upon the discovery of economically recoverable reserves, continuation of Co.'s interest in the underlying mineral claims, the ability of Co. to obtain financing to complete their development, and future profitable production or disposition thereof.
Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development and production of resource deposits as well as marcoeconomic analysis of commodity and currency markets. Our international team of five analysts bring our German and English speaking readership a wealth of experience from the commodity markets: Stephan Bogner (mining analyst), John P. Barry (professional geologist), Chris Berry (macroeconomist), Prof. Dr. Hans Bocker (award-winning book author), and Boris Gerjovic (fundamental analyst).
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